TIDM94DU TIDM94DV
RNS Number : 6920W
JSC National Atomic Co. Kazatomprom
02 February 2012
Astana
PRESS RELEASE
on Kazatomprom's preliminary results in 2011
According to the results of 2011, uranium production volume in
the Republic of Kazakhstan made up 19,450 tU, which is 9% more than
in 2010. In 2011, Kazakhstan maintained its position of the world's
leading uranium producer - its share in the global uranium
production made up 35% which is 55,400 tU, according to the
preliminary data.
In 2010, taking into account its participatory interests in
subsidiary and affiliated enterprises, Kazatomprom produced 11,079
tU or 20% of the world's production.
In comparison with the results of 2010, tantalum production
volume increased 11.3%, niobium production - 27.7%, and beryllium
production - 26.9%.
In 2011, a number of projects at uranium-producing mines were
put into operation:
-- the first launch site (administration and living and
infrastructural objects) at Northern Kharassan deposit, site
Kharassan-2, Baiken-U LLP;
-- the first order of construction objects at site No.3 of
Budyonovskoye deposit, with annual capacity of 1,000 tU, JV
Akbastau JSC;
-- the second order of Semizbai mine, with annual capacity of 200 tU, Semizbai-U LLP;
-- the capacity of <<Budyonovskoye-2>> production
shop on pregnant solution processing increased up to 3,000 tU per
year, Karatau LLP;
-- In December 2011, pre-commissioning at sulfuric acid plant of
SKZ-U LLP, Zhanakorgan district, Kyzylorda region, was started. The
plant capacity is expected to be 500,000 tons per year. The
sulfuric acid production for the needs of uranium industry of the
Republic of Kazakhstan will start in 2012.
Strategic objectives of NAC Kazatomprom JSC are focused on
maintaining the leading position at the world uranium market.
Besides, the Company is interested in maximum diversification of
its activity by creating the nuclear fuel cycle (NFC) productions
in the Republic of Kazakhstan and participation in external
assets.
Uranium supply to the world market
Kazatomprom as a supplier of natural uranium maintained its
presence in all regions of the world where NPPs are operating: in
Europe, Asia and the USA. Supply volume under Kazatomprom's
contracts made up 10,399 tU that is about 17% of the world's
reactors requirements. In 2011, all commitments under the existing
long-term contracts were fulfilled.
In 2011, Kazatomprom entered into a number of macrocontracts
with the existing and new consumers, particularly with Electricite
de France (EDF) company and a number of energy companies in the
USA.
Nuclear fuel and its components production
In 2011, Kazatomprom and AREVA French company agreed on the
construction of plant for production of fuel assemblies on the
basis of Ulba Metallurgical Plant in Ust-Kamenogorsk.
In September, within the framework of the Agreement on strategic
cooperation in nuclear industry signed between NAC Kazatomprom JSC
and China National Nuclear Corporation in 2011, a pilot lot of fuel
pellets was delivered from Kazakhstan to China. In December, a
long-term contract on production and delivery of fuel pellets for
GNPC reactors was signed.
Kazatomprom set a course for industrial and innovative
development of the country expanding its scientific and technical
potential and continuing diversification into the allied high
technology areas.
In September 2011, Kazatomprom and Toshiba Corporation
established a joint venture <<KT Rare Metals Company>>
to conduct research and carry out the development, extraction,
production and sale of rare metals and rare earth products and
materials.
SARECO (JV with Sumitomo Japanese enterprise) moved to a new
stage in 2011 starting the construction of experimental-industrial
plant on production of bulk concentrate of REM, with the capacity
of 1,500 t per year.
In 2011, NAC Kazatomprom JSC proceeded to the development of
renewable energy in the Republic of Kazakhstan. Astana Solar LLP
was created to realize the project on production of solar cell
panels on the basis of Kazakhstan silicium.
In social sphere, during 2011, Kazatomprom implemented the
following large projects.
Every year NAC Kazatomprom JSC finances the development of
social infrastructure independently and within the frameworks of
memorandums with the executive bodies in the regions where the
Company operates, on the basis of mutually beneficial
cooperation.
Thus, in 2011 NAC Kazatomprom JSC implemented the following
social projects:
-- Kindergarten for 280 children, Ust-Kamenogorsk;
-- Children's health improvement camp <<Matrosovo>>,
Ust-Kamenogorsk;
-- Reconstruction of the regional children library, Stepnyak
city;
-- Expansion of secondary school after L. Bukenov; from 635 to
1000 students, Kyzymshek village;
-- Construction of secondary school for 200 students, Zhartytobe
village;
-- Construction of kindergarten for 80 children, Sholakkorgan
village (project implementation period is 2010-2011);
-- Irrigation of Kyzymshek village (project implementation
period is 2010-2011);
-- Redevelopment of Kyzymshek village (project implementation
period 2010-2011);
-- Construction of the school after A. Suleimenov, 9 classes,
Sholakkorgan village (project implementation period is
2010-2011);
-- Capital repair of Cultural center after Sh. Kaldayakov,
Karakonyr village - II stage.
Besides, the Company is engaged in financing the maintenance of
social objects in uranium-producing regions, the repair of
infrastructure, including water supply systems, roads, and
children's playgrounds.
The social project of Kazatomprom was recognized as the best one
in <<Paryz-2011>> competition.
NAC Kazatomprom JSC is the national operator of the Republic of
Kazakhstan for export of uranium and its compounds, rare metals,
nuclear fuel for nuclear power plants, special purpose equipment,
technologies and double-use materials. The main activities of the
company are: geological exploration, uranium production,
manufacture of nuclear fuel cycle products, reactor construction,
nuclear power plants, production of construction materials, the
electric energy sector, scientific support of production and social
welfare and training of personnel. Today Kazatomprom has more than
23,000 employees and is amongst the leading uranium production
companies in the world.
www.kazatomprom.kz
Contact details for investors (Eurobonds):
Meirzhan Yussupov
Head of Treasury
el:. +7 /7172/ 551237
el../Fax: 7 /7172/ 551399
e-mail: myussupov@kazatomprom.kz
Meruyert Bekturganova
Treasury
el:. +7 /7172/ 551237
el../Fax: 7 /7172/ 551399
e-mail: mbekturganova@kazatomprom.kz
This information is provided by RNS
The company news service from the London Stock Exchange
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